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The global potash market is recovering from a decade of weakness as low prices spur buying in India and China. Iowa red potash averaged $353/ton on July 19, up $16.80 from two weeks earlier, and Asian buyers reportedly are seeking supply.
Renewed Asian import demand tightens potash availability and supports prices, raising fertilizer costs for grain and feed producers.
agupdate.comJen Skerritt, Bloomberg NewsJul 31, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
